All Posts Tagged: housing starts

U.S. Outlook: An early Thanksgiving this year

Scott Anderson
Chief Economist

Upside U.S. economic surprises were a common theme this week, helping to support the post-election equity rally and prolonging the Treasury bond market sell-off.

Graph showing rise of retail sales in recent months.Most telling in my mind is the U-turn in real retail sales as consumer confidence builds on a tightening labor market and rising incomes.

For more, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Nov. 18.

Key observations:

  • In response to robust retail sales in October, we have revised our real consumer spending forecast for the fourth quarter up to 2.3% from 2.0%.
  • Housing starts exploded higher last month, rising a massive 26% on the month.
  • The Fed funds futures current probability of a December rate hike from the Fed is at a near-certain 96% today.
  • Initial jobless claims fell to 235K last week from 254K the week before, the lowest level since the summer of 1973.

Click here to read my full report.

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U.S. Outlook: Housing market is doing just fine

Scott Anderson
Chief Economist
Chart showing mortgage rate trends over last few years, with recent dip.

The current low interest-rate environment, healthy labor market, and rising real personal incomes will power the housing market recovery to new highs in 2016.

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Outlook for the nursery/greenhouse industry in 2016

Jeff Burch
Posted by Jeff Burch
Agribusiness Banking
Male greenhouse worker in overalls watering a large row of green plants.

Economic indicators point to a strong year ahead for those in the nursery/greenhouse industry.

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U.S. Outlook: The housing sector still on solid ground

Scott Anderson
Chief Economist
Graph showing recent upward trend in existing home sales.

Despite a disappointing new home sales report for January, the U.S. housing market is poised for continued gains in the months ahead.

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Why do housing starts matter to the nursery/greenhouse industry?

Jeff Burch
Posted by Jeff Burch
Agribusiness Banking
View inside greenhouse that is fully stocked with lush potted flowers and hanging plants.

By tracking regional housing starts, we can get a sense of what kind of sales volume growth rates a nursery center should expect to see.

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